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Real Estate Market to Grow by USD 1.13 Trillion from 2024-2028, Driven by Rising Private Investment, Report on How AI is Driving Market Transformation – Technavio

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NEW YORK, Feb. 14, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global real estate market size is estimated to grow by USD 1.13 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.27%  during the forecast period. Growing aggregate private investment is driving market growth, with a trend towards increasing marketing initiatives. However, regulatory uncertainty in real estate market  poses a challenge. Key market players include Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP, CBRE Group Inc., Christies International Real Estate, Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services, Inc., MaxWell Realty Canada, NAI , Nakheel PJSC, Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Real Estate Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.27%

Market growth 2024-2028

USD 1133 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.77

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 63%

Key countries

China, US, India, Japan, and Germany

Key companies profiled

Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP, CBRE Group Inc., Christies International Real Estate, Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services, Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc.

Market Driver

The real estate market is experiencing due to rising population and increasing demand for personal household space. Home sales have rebounded, with millennials leading the charge in homeownership. Commercial real estate, including offices, shopping malls, and industrial buildings, is also thriving. Economic and local market conditions influence housing demand, while interest rates impact investment options. Fully furnished, semi-furnished, and unfurnished properties are available for purchase or rent. Online transactions are gaining popularity, but offline transactions still dominate. Home prices and median rent continue to rise, making property investment an attractive option. Real estate development, property management, financing, and technological integration are key areas of focus. Infrastructure development, including construction of roads, utility systems, and buildings, is essential for growth. Undeveloped land and vacant properties offer opportunities for investment. Agriculture, employment generators like manufacturing and logistics, and sectors like e-commerce and telecommunications drive demand for residential and commercial properties. Tax benefits and tax exemptions make real estate an attractive investment. 

In the real estate industry, vendors employ an integrated marketing communication strategy to sell their properties and services. This approach utilizes various channels like newspapers, magazines, and social media. Vendors create TV advertisements followed by digital marketing campaigns, including Internet pre-roll, social media, and blogging. The strategy enhances brand authenticity and recognition, generating consumer interest. Social media, particularly visual content, drives customer engagement and fosters online brand communities. Vendors also utilize Instagram to showcase projects. 

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Market Challenges

The real estate market is experiencing significant challenges due to rising population and increasing demand for personal household space. This demand is driving up home sales and rebounding the housing market. Commercial real estate, including office spaces and retail properties, is also in high demand, especially with the growth of the e-commerce sector and the need for warehousing facilities. Millennials are a key demographic in the residential property market, with many preferring to rent rather than buy due to economic conditions. This has led to a decrease in homeownership rates and an increase in rental properties. Interest rates and local market conditions also play a crucial role in the real estate market. Fully furnished, semi-furnished, and unfurnished properties are popular options for both homebuyers and renters. Real estate development, property management, and financing are essential components of the industry. Technological integration, infrastructure development, and construction are also key areas of focus, with improvements to buildings, roads, utility systems, and other structures. Undeveloped property and vacant land are valuable investment options, especially in areas with potential for future growth. Tax benefits, employment generation, and the agriculture sector are also important factors in the real estate market. Real estate can be a lucrative investment option, with potential returns from both residential and commercial properties. Property prices, median rent, and property investment strategies are important considerations for investors. Real estate development projects, including smart city initiatives and data center infrastructure, offer significant opportunities for growth. Tax exemptions and the role of transportation, logistics, and manufacturing in the industry are also key areas of interest.Real estate companies aim to carry out their operations and construct real estate infrastructure in a regulatory landscape that is predominantly consistent. Fluctuating regulatory compliance requirements and development standards can introduce significant costs, delays, risks, and uncertainties to completing development projects and managing existing properties. The current regulatory environment at various levels of government – federal, state, and local – lacks the necessary clarity, durability, predictability, and stability that real estate owners and operators require. Additionally, regulators worldwide are enacting rules and laws concerning the reporting and evaluation of real estate assets based on Environmental, Social, and Governance (ESG) criteria.

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Segment Overview 

This real estate market report extensively covers market segmentation by  

TypeResidentialCommercialIndustrialBusiness SegmentRentalSalesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

1.1 Residential-  The residential real estate market involves the buying and selling of properties used primarily for living, including houses, apartments, townhouses, and more. This sector is experiencing growth due to increasing millennial homeownership and urbanization. The APAC region, specifically China, dominates the market due to rising homeownership rates. In India, affordable housing demand and government initiatives like Pradhan Mantri Awas Yojana (PMAY) fuel growth. The segment offers various options: affordable housing, luxury homes, mid-segment housing, and integrated townships, catering to diverse income groups and preferences. Homeownership rate increases have led to increased real estate investments, with REITs managing residential properties being popular choices. The residential segment remains an appealing investment opportunity for individuals and institutions due to continuous housing demand and the segment’s diverse offerings. These factors will contribute to the market’s expansion during the forecast period.

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Research Analysis

The real estate market is experiencing due to the rising population and increasing demand for personal household space. Both residential and commercial real estate sectors are showing signs of a home sales rebound. Innovative trends like live-streaming rooms are gaining popularity, offering buyers a virtual tour of properties. Economic conditions and local market trends play a significant role in shaping the real estate landscape. Interest rates and investment options also influence buyers’ decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, cater to various needs and budgets. Offline and online transactions are transforming the way real estate is bought and sold. Land, improvements, buildings, fixtures, roads, structures, utility systems, and vacant land are all essential components of the real estate market. Undeveloped property offers immense potential for investors and developers.

Market Research Overview

The real estate market is experiencing due to rising population growth and increasing demand for personal household space. Both residential and commercial properties are in high demand, with home sales rebounding strongly. The millennial generation is driving the market, with a growing preference for homeownership. Economic and local market conditions, interest rates, and investment options are key factors influencing the market. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, are popular choices for buyers and tenants. Technological integration is transforming the industry, with online transactions becoming increasingly common. Real estate development, property management, financing, and infrastructure development are all active areas, with construction of buildings, roads, utility systems, and improvements ongoing. Undeveloped land and vacant properties are also in demand, with potential for housing, commercial, and industrial development. Tax benefits, employment generators, and the agriculture sector are also contributing to the market’s growth. The e-commerce sector, office spaces, urban lodging, and logistics are also driving demand for commercial properties. Smart city projects, tax exemptions, and the employment of telecommunication services, data localization, data storage facilities, and data center infrastructure are also shaping the future of the real estate market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeResidentialCommercialIndustrialBusiness SegmentRentalSalesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KSAT and Morehead State University Partner to Expand Lunar Communications Infrastructure

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Partnership strengthens the KSAT Lunar Network and supports deep space and lunar exploration

DENVER and MOREHEAD, Ky., Oct. 31, 2026 /PRNewswire/ — Kongsberg Satellite Services (KSAT), a leading provider of ground station networks and satellite operations, today announced a strategic partnership with Morehead State University (MSU) to enhance the KSAT Lunar Network, supporting the growing demand for communications and tracking services for deep space and lunar missions.

The partnership leverages MSU Space Science Center’s established deep space communications capabilities, including its 21-meter and 12-meter-class antennas in Morehead, Kentucky, to further increase the KSAT Lunar Network. Together, the partnership enables mission operators to maintain reliable links with spacecraft operating beyond Earth orbit by adding network capacity and resiliency over the Eastern United States.

“Partnering with MSU advances KSAT’s ability to deliver the communications infrastructure required for the accelerated demand for deep space and lunar missions. We are especially thrilled about this partnership as it helps enable science and exploration space missions today, while developing the next-generation workforce to support the long-term development of the U.S. cislunar economy,” said Dan Adams, General Manager of KSAT Inc.

“This partnership reflects our commitment to supporting the future of space exploration through innovation, education, and collaboration,” said Dr. Benjamin K. Malphrus, Executive Director of Space Science Center. “Working with KSAT provides exciting opportunities for our students and researchers while enabling us to contribute directly to the thriving commercial sector.”

KSAT and MSU share a strong commitment and heritage of supporting NASA’s Artemis program, most recently the Artemis II mission, and the broader science and exploration, as well as inspiring the next generation. In addition to expanding KSAT Lunar capabilities, the partnership will create even more opportunities for student involvement and workforce development through KSAT’s internship programs, helping prepare the next generation of engineers and space professionals for careers in the rapidly growing space sector.

About KSAT:

Kongsberg Satellite Services (KSAT) is the leading commercial provider of Ground Station Services, Earth Observation Services, and Satellite Operations Services. Headquartered in Tromsø, Norway, the company operates the largest commercial satellite ground station network worldwide, including facilities in Svalbard and Antarctica to provide unique southern hemisphere coverage. Through KSAT Inc., KSAT’s U.S. based full-capability subsidiary, KSAT delivers mission-critical infrastructure for customers in government, civil, and commercial space in the United States, as well as the global space industry. 

About MSU:
Morehead State University (MSU) is a comprehensive, regional university located in Appalachian Kentucky in the Daniel Boone National Forest. MSU is known for excellence in STEM fields and pre-professional programs. The Space Science Center is MSU’s Program of Distinction and manages a significant research and development portfolio in small satellite systems, having executed 7 smallsat missions to date. The Center operates a 21-meter ground station and a 12-meter tracking antenna that provides lunar tracking services and smaller aperture ground stations for satellite telecommunications support. The Center also supports innovative undergraduate, graduate and a Doctor of Engineering program in Space Systems Engineering.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ksat-and-morehead-state-university-partner-to-expand-lunar-communications-infrastructure-302925397.html

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Millennium Dental Technologies and Institute for Advanced Laser Dentistry Mourn Passing of Professor Raymond A. Yukna, DMD, MS (1942-2026)

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CERRITOS, Calif., Oct. 30, 2026 /PRNewswire/ — It is with profound sadness that Millennium Dental Technologies and the Institute for Advanced Laser Dentistry (IALD) mourn the passing of Professor Raymond A. Yukna, DMD, MS, world-renowned clinician, educator, researcher, mentor and cherished friend.

Throughout a remarkable career spanning academia, research, clinical practice and education, Dr. Yukna earned the admiration of colleagues worldwide for his unwavering commitment to scientific inquiry, clinical excellence and the advancement of patient care.

A Diplomate of both the American Board of Periodontology and the American Board of Oral Medicine, Professor of Advanced Periodontal Therapies at the University of Colorado School of Dental Medicine, Professor Emeritus at Louisiana State University, internationally recognized lecturer, and respected researcher, Dr. Yukna devoted his life to advancing the field of periodontics. His contributions helped shape modern periodontal therapy and influenced generations of clinicians, educators, and researchers worldwide.

His reputation for integrity, scientific rigor and thoughtful leadership made him one of the most trusted and respected voices in the specialty.

A DEFINING CHAPTER IN THE HISTORY OF THE LANAP® PROTOCOL

Dr. Yukna brought credibility, intellectual curiosity and scientific discipline that would help shape the future of the LANAP® protocol, a minimally invasive laser treatment for the treatment of moderate to severe periodontal disease. He engaged in thoughtful dialogue with Millennium Dental Technologies Co-Founders Robert H. Gregg II, DDS, and Delwin K. McCarthy, DDS, regarding the emerging science behind laser-assisted periodontal regeneration.

His groundbreaking research provided some of the earliest and most influential human histological evidence supporting the LANAP® protocol. Beginning with his International Association for Dental Research (IADR) abstract in 2003, followed by the submission of his landmark study to the International Journal of Periodontics and Restorative Dentistry (IJPRD) in 2006 and its publication in 2007, Dr. Yukna produced research that became a defining milestone in the scientific validation of the LANAP® protocol. His work demonstrated cementum-mediated new connective tissue attachment in humans and provided the periodontal community with compelling evidence supporting the protocol’s regenerative potential.

At a time when laser periodontal therapy was met with understandable skepticism by many within the specialty, Dr. Yukna’s willingness to objectively evaluate the science—and ultimately contribute his own landmark research—gave the LANAP® protocol a level of scientific credibility that helped change its trajectory. Many periodontists first embraced the LANAP® protocol because they trusted Dr. Yukna’s scientific integrity and respected his commitment to evidence-based dentistry.

His landmark study opened the door to broader acceptance of the LANAP® protocol within periodontics and laid the foundation for additional human histological studies, expanded university research efforts, and more than two decades of continued scientific investigation. The growing body of evidence supporting the LANAP® protocol today owes much to the foundation Dr. Yukna helped establish.

A TEACHER WHO SHAPED A GENERATION

Dr. Yukna’s influence extended far beyond the published literature. As an IALD Certified Instructor, he became one of the most influential educators in the history of the LANAP® protocol. He served as hands-on clinical instructor for approximately 350 LANAP-trained clinicians and lectured at roughly 130 Laser BootCamps™, helping educate well over 1,000 clinicians throughout his years with the IALD and Millennium Dental Technologies.

From the Denver BootCamps™ held during his tenure at the University of Colorado School of Dental Medicine to sessions conducted throughout New York and, later, at the facility in Cerritos, Dr. Yukna’s lectures, mentorship and quiet confidence inspired countless clinicians. His generosity in sharing his knowledge, his thoughtful guidance and his commitment to excellence helped shape the careers of an entire generation of LANAP clinicians.

A CHERISHED FRIEND

Beyond his extraordinary professional accomplishments was an even more extraordinary person. For Robert H. Gregg II, DDS and Dawn Gregg, DDS, Dr. Yukna and his wife, Charlotte, were not simply respected colleagues, they were dear friends. Over many years, they shared milestones, celebrated successes, supported one another through challenges and built a friendship that extended far beyond dentistry. In fact, when Dr. Robert Gregg and Dr. Dawn Gregg began their lives together as a couple, Dr. Yukna and Charlotte were among the very first people they chose to tell in person—reflecting the trust, respect and affection they shared.

Those privileged to know Dr. Yukna personally will remember far more than his curriculum vitae. They will remember his humility, kindness, generosity, wisdom, quiet confidence and unwavering integrity. He challenged those around him to pursue excellence, to follow the science wherever it led, and to never lose sight of the patients whose lives could be changed through innovation grounded in evidence.

HIS LEGACY LIVES ON

The LANAP® community, the periodontal profession, the IALD and the entire Millennium Dental Technologies family are better because of Dr. Yukna’s contributions.

His legacy lives on through the science he advanced, the clinicians he trained, the patients whose lives were improved by his work, and the countless colleagues and friends he inspired throughout his remarkable career.

Millennium Dental Technologies and the IALD extends deepest condolences to Charlotte and Dr. Yukna’s family, friends, colleagues, students and all those whose lives he touched.

Thank you, Dr. Yukna, for your leadership, your scholarship, your mentorship, your friendship, and your unwavering belief that scientific excellence could improve the lives of patients around the world.

ABOUT MILLENNIUM DENTAL TECHNOLOGIES, INC.

Headquartered in Cerritos, Calif., Millennium Dental Technologies is the developer of the LANAP protocol for treating periodontal disease and the manufacturer of the PerioLase MVP-7 variable-pulsed Nd:YAG dental laser. The company’s FDA-cleared LANAP protocol offers a more comfortable, less invasive alternative to conventional periodontal surgery while providing unique bone-building clinical results. Founding clinician Robert H. Gregg II, DDS, continues to lead the company with a vision to create better clinical outcomes for patients with periodontal disease while remaining true to its guiding principle: “It’s all about the patient.” For more information, visit www.lanap.com.

ABOUT THE INSTITUTE FOR ADVANCED LASER DENTISTRY

The Institute for Advanced Laser Dentistry is a nonprofit educational and research organization dedicated to advancing evidence-based clinical training in laser dentistry. Established in 1999, the IALD is nationally recognized for its continuing education programs as an ADA Continuing Education Recognition Program and Academy of General Dentistry Program Approval for Continuing Education provider. For more information, visit www.theiald.com.

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SOURCE Millennium Dental Technologies, Inc.

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Okta Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

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NEW YORK, Oct. 30, 2026 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, S&P SmallCap 600 effective prior to the opening of trading on Wednesday, November 4:

S&P MidCap 400 constituent Okta Inc. (NASD: OKTA) will replace Kenvue Inc. (NYSE: KVUE) in the S&P 500, S&P SmallCap 600 constituent Glaukos Corp. (NYSE: GKOS) will replace Okta in the S&P MidCap 400, and McGrath RentCorp (NASD: MGRC) will replace Glaukos in the S&P SmallCap 600. S&P 500 constituent Kimberly-Clark (NASD: KMB) is acquiring Kenvue in a deal expected to be completed soon, pending final closing conditions.Loar Holdings Inc. (NYSE: LOAR) will replace LiveRamp Holdings Inc. (NYSE: RAMP) in the S&P SmallCap 600. Publicis Groupe SA (Euronext Paris: PUB) is acquiring LiveRamp Holdings in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name 

Action

Company Name

Ticker

GICS Sector

Nov 4, 2026

S&P 500

Addition

Okta

OKTA

Information Technology

Nov 4, 2026

S&P 500

Deletion

Kenvue

KVUE

Consumer Staples

Nov 4, 2026

S&P MidCap 400

Addition

Glaukos

GKOS

Health Care

Nov 4, 2026

S&P MidCap 400

Deletion

Okta

OKTA

Information Technology

Nov 4, 2026

S&P SmallCap 600

Addition

McGrath RentCorp

MGRC

Industrials

Nov 4, 2026

S&P SmallCap 600

Deletion

Glaukos

GKOS

Health Care

Nov 4, 2026

S&P SmallCap 600

Addition

Loar Holdings

LOAR

Industrials

Nov 4, 2026

S&P SmallCap 600

Deletion

LiveRamp Holdings

RAMP

Information Technology

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/okta-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-302925405.html

SOURCE S&P Dow Jones Indices

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